Jul 12, 2012, 6:36 PM
Location: Outer Cheltenhamshire
Team(s): Cheltenham Town
Post #485 of 1118
Also the appeal outcome of the BTC (big tax case) has not yet been announced which, if ranger lose, could see them stripped of titles including some of there infamous 9 in a row, due to dual contracts being used by the club. what a mess.....
From memory, David Murray once said in relation to Celtics title challenges during this period, 'For every £5 Celtic spend we will spend £10'. Oh my..........
The big tax case is not about dual contracts, but about whether the form of contract used was a legal way of avoiding taxes. If dual contracts were used as a method of not telling the Scottish FA about payments to players, then this could have footballing repercussions anyway. If dual contracts were used as a method of not telling the revenue about payments, then it is fraud (a criminal offence).
The open question when the big tax case finally gets ruled upon, is are there any other clubs that tried to use this device to reduce tax liabilities? If so, then it would be wise for them to put their hands up and try to sort out the problems with HMRC, rather than to wait for it to be noticed.
It is worth remembering that a few months back, before the scale of Rangers indebtedness became apparent, they were trying to get the powers that be to go easy on the big tax case, so as it did not drop them into bankruptcy.
Fat AND Pompous.
I was going to list all my grounds for the season, but the moderator said five lines only.
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